LG Electronics, Inc.(LG) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 112 operations including 81 subsidiaries around the world. With 2008 global sales of $44.7 billion, LG comprises of five business units - Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world's leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines.
LG's efforts continue to enhance the global presence of the LG brand and to maximize profitable growth. In particular, LG Electronics will focus on achieving profitable and sustainable growth in the mobile communications and home entertainment sectors to strengthen its leadership in the IT industry, while at the same time increasing its market share in the home appliance, air-conditioning and business solutions sectors.
* Before Audit, as of 2008, Unconsolidated
** 2008: 1 USD = 885 KRW; 2007: 1 USD = 929 KRW
Corporate Name
LG Electronics Inc.
Established
October 1, 1958 (as a private Company)
Corporate Office
LG Twin Towers 20, Yeouido-dong, Yeongdeungpo-gu, Seoul 150-721, Korea
Tel: +82-2-3777-1114
URL: http://www.lge.com
Chairman & CEO
Mr. Yong Nam
Business Area and
Main Product
Home Entertainment
LG makes a full range of products designed to deliver a home entertainment experience like no other. A top producer of LCD and plasma TVs, LG is also one of the leading makers of other audio and video products for the global consumer and professional markets, including home theater systems, Blu-ray disc players, micro audio systems, optical storage, plasma display panels and more.
Mobile Communications
LG is a leading global mobile communication and information company. LG creates handsets that provide an optimized mobile experience to customers around the world with its cutting-edge technology and innovative handset design capabilities. Increasingly, LG is pursuing convergence technology and the development of mobile computing products, as well as taking leadership in the mobile communication environment.
Home Appliance
LG is a global leader in the home appliance industry, dedicated to creating total home solutions through advanced products that fit consumers' everyday lives. Innovative home appliances include washing machines, refrigerators, cooking appliances, vacuum cleaners, and built-in appliances.
Air Conditioning
LG is the number one brand of residential air conditioners with the world's highest market share, maintaining its position as a sales leader since 2000. Launched in 2009, the new Air Conditioning Company will meet the needs of customers by focusing on commercial and residential air conditioning systems, compressors, and solution business.
Business Solution
LG provides the best value-added solutions in LCD monitors, commercial displays, car infotainment and security. LG is committed to supplying smart solutions for businesses with products that best serve the end customer.
Number of Employees
28,659 in Korea / 55,786 overseas (as of December, 2008)
